Kentucky Hemp Business & Legal News

Top ornamental greenhouse operation ColorPoint making transition to hemp

One of the largest greenhouse operations in the United States is leaving ornamental bedding plant production behind and instead placing its chips on the burgeoning Kentucky hemp industry. ColorPoint, a Paris, Kentucky-based greenhouse operation owned by the industry-leading VanWingerden dynasty, said this week it is selling its 3.6-million-square-foot Granville, Illinois, facility to Red White & […]

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Acknowledging hemp ‘uncertainty,’ FDIC chief says banking rules sufficient

Banks may be hesitant to serve hemp companies because of confusion about marijuana laws, the top U.S. bank insurer says. But that doesn’t mean financial institutions should require a new law guaranteeing hemp banking, said Jelena McWilliams, head of the Federal Deposit Insurance Corp. (FDIC), which insures deposits. McWilliams was asked about hemp banking during […]

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Kentucky hemp company researching cultivation in space

Update: The launch scheduled for Friday morning was delayed until Saturday. A Kentucky hemp company is sending seeds into space to see what changes when the plant has less gravity. Winchester-based Atalo Holdings’ seeds will hitch a ride to the International Space Station aboard SpaceX 17, scheduled to launch Friday. Scientists will be looking at […]

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Landing tax incentives, grants for your hemp business

Savvy hemp entrepreneurs can snag free government dollars that are virtually out of reach for marijuana businesses. And now that the 2018 Farm Bill has become law, an even bigger checkbook awaits in the form of Uncle Sam. “The big money is the USDA,” said Jonathan Miller, a lawyer for the U.S. Hemp Roundtable, a […]

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Kentucky, Montana senators get impatient with outdated hemp rules

U.S. senators from two big hemp states are getting fed up with waiting for hemp rules on issues such as shipping hemp across states lines to get fixed, so they’re pushing federal regulators to move faster. During a forum in Kentucky on Monday, Senate Majority Leader Mitch McConnell said a new hemp law may be […]

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Hemp boom: States report dramatic licensing increases for 2019

Hemp production is about to shift into overdrive in states where growers have been licensed to get started with the 2019 planting season. There is a dramatic increase in interest among new farmers looking to capitalize on hemp in states that have been growing the crop under pilot programs. Here’s an early look at 2019 […]

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Sales of hemp products in Kentucky surged in 2018

Kentucky’s resurgent hemp sector flexed more economic clout in 2018, with processors reporting sharply higher sales and farmers reaping more than twice as much income from their crop. The state’s hemp processors reported $57.75 million in gross product sales last year, compared with $16.7 million in 2017, Kentucky Agriculture Commissioner Ryan Quarles said Monday. Processors […]

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States get busy on hemp as USDA delays national hemp rules until 2020

Energized by the 2018 Farm Bill, which removed hemp from the Controlled Substances Act and places federal regulatory authority with the U.S. Department of Agriculture (USDA), states have been readying their hemp cultivation regulatory plans for approval. But those next steps were put on hold on this week when the USDA confirmed it will not […]

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Chart: Fast-rising CBD still trying to make inroads with mainstream retailers

CBD’s meteoric rise in popularity has hemp growers finding all kinds of market opportunities that don’t exist for THC products, including yoga studios, pet boutiques, gyms and coffee shops – all foreign territory for marijuana-derived products. One Kentucky hemp producer even has CBD products being sold in tractor supply stores; a North Carolina CBD company has […]

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